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of investing that in the country use that to create debt and credit for poor people. so, the idea was, we'll take the pensions of the americans, the teachers, the judges, all this sg. >> all the states across the country. >> and we'll take that money and make it into credit card loans and home loans and this comes out of in 1999. that's the president financial markets and that's when the decisions were made for all the things we talked about since then. larry summers is central to that decision and this will be the most efficient, economic system ever because all that dormant middle class money will be used now in our economy. an interesting idea, the fact of the matter is, it has resulted in the largest transfer of wealth in the history of any country ever from a group of people in the country, all the american taxpayers, to a very small group of wealthy individuals who effectively took control -- >> 1% or 2%. >> less than 1% or 2%. i'm talking about a few hundred, a few thousand people tops who were in a situation where they were in charge of the credit casino that larry summers and bob
won't wait for the political play book to be handed to us from high from the elites that may take renegades going rogue to get us there. it may take folks shaking it up to get there. >> reporter: so, alex, she is perhaps the most powerful person in the republican party now. certainly with the conservative base. she goes to iowa. everybody wants to know, will she or won't she? it's the question we have asking for quite some time now. she laughed it off in her speech. that morning she was in the hotel room lacing up her sneakers getting ready to go for a jog. todd said don't do that because the headline tomorrow is palin runs in iowa. she wasn't tipping her hand. she has that popularity. some say she's to polarizing a figure. she's got no backing on the left. the middle is lukewarm toward her. some republicans have their doubts. but, sarah palin really brought down the house last night in iowa. alex. >> are you surprised? it's a rhetorical question. i know, no. she has that effect on people that come to see her. >> reporter: she does. >>> people in afghanistan have gone to the polls
. bill karins tracking this storm very closely for us and how does it look right snow. >> the storm weakened from a category 4 to a 3. looks like we're going through another burst of intensification. you can see it right there. a clearing of an eye and that is usually the storm is tightening itself up and the winds will increase slightly during the day today. warm water out ahead of it and we do not expect much more weakening by the time it gets out towards north carolina. the hurricane hunter aircraft is just on its way in. now the next storm, the next hurricane hunter aircraft will be in there probably another three hours from now. until then we'll have to look and get estimates on the satellite of how strong earl is. the wind field 125 mi-mile-per-r winds. as we go into friday, our computer models, we have been watching these closely. when you see the pink line to the right, that would be a hard-glancing blow. the line all the way to the left in the blue would be huge problems. we'll end up with something in the middle and that's what the hurricane forecast is as of now. cat 3 to
>>> tensions running high in europe right now over fears of a possible tror attack and is the u.s. at risk, too? >>> plus, a super soaker. tropical depression number 16 dwumping on a ton of rain on florida right now and then expected to head right up the east coast. >>> bristol palin's ex meets our own lawrence o'donnell. this one you want to see, believe me. >>> good wednesday morning, i'm chris jansing. live from msnbc world headquarters in new york. well, with the potential republican takeover of congress breathing down his neck, a newly energized and clearly fired up president obama is back on the road and he's got an awful lot at stake. this is the barack obama that fired up an electorate and took the white house. >> the prediction among the pundits is, this is going to be a blood letting for democrats. that's what they're saying in washington. we can't let this country fall backwards because the rest of us didn't care enough to fight. the stakes are too high for our country and for your future and i'm going to get throughout and fight as hard as i can and i know you are, too
that responsibility. to use those resources properly. to rebuild their country and establish some kind of democratic government there in iraq. you know, he also pointed out, however, that since the u.s. military will remain there for some time, he's still optimistic that all of the u.s. military could be out by the end of 2011 and pointed out that if that were to change, the iraqis would be the ones that would have to change it and gates himself doesn't think that would be politically viable for the iraqis to do that. and, finally, when asked if the war was worth it, gates, actually, thought about this for a minute before saying, look, the problem is no matter how much success the u.s. military may have had, how much success the u.s. government will have in the coming months in helping put together some kind of democratic institutions there in iraq, the war itself will always be clouded by the fact that the u.s. went to war on an invalid proposition that saddam hussein had the weapons of mass destruction. >> all right, nbc jim mic miklaszewski at the pentagon for us. thank you, mik. >> you bet. >>>
news deputy political director mark murray who joins us live from washington. let's break down what these results mean beginning in delaware. it was a huge tea party win, obviously. the question is, obviously, what will happen in the midterm? >> you know, richard, we just don't know right now. certainly the tea party has given republicans a jolt of enthusiasm and energy even in delaware. honestly, that's the republican party's biggest advantage heading into the midterm electrics. they're the ones who have the enthusiasm and the democrats don't. on the other hand, the tea party has given democrats an advantage in contests like delaware and kentucky and nevada where it's their candidates, the democratic candidates probably wouldn't have a chance to win or even be the favorites without the tea party candidates there. in delaware, for example, chris kuntz goes in as the fro front-runner in this contest. castle would have been the front-runner had he won. >> hey, mark, let's go to new york where we saw paladino come away with the winner there. >> that was just a shock. rick lazio has bee
strategy. thank you very much for joining us. >> my pleasure, thank you. >> president obama is quoted as saying, this is a direct quote from the book. this needs to be a plan about how we're going to hand off and get out of afghanistan. then he repeatedly, apparently, pushed his top military advisors for an exit plan and they didn't give it it him. does this in a way summarize the dilemma overall. the in fighting in afghanistan? >> it does. people seem apparently shock that there's infighting in the white house. and i would be disappointed if there wasn't. this is a badly flawed strategy. it has a number of holes in it. not least of which is it's not properly resourced. if you were really serious about standing up a functioning nation state in afghanistan, which is our professed goal, you can't do it with even 100,000 troops. you need far more troops and to be there for a very, very long time. >> that's exactly what general petraeus said and i'll ask our graphic folks to skip ahead to the quote from general petraeus from this book. he apparently said to the president, "you have to rec
for good. kristen dahlgren is live for us in venice, louisiana. so another good morning. how is it going at this point? >> reporter: hey, good morning, alex. we're still waiting for any word to come from about 50 miles off the coast here where that operation is under way. the last we heard from bp was some time yesterday afternoon that they had started the cementing process. that started at about 1:30 local time. it was expected to take a few hours. then they needed to let that cement cure. after that they were going to do their pressure test. then at that point they would be able to declare this well killed, that it would never again leak any oil into the gulf of mexico. they did expect to make that announcement at some point today. so we are still waiting. this comes after a long summer of waiting for this bottom kill. the relief well took several months to saúÑ1!xúan"jdrill. dr beneath the floor of the gulf. they met up with that original well and then began this cementing process. so kind of an exclamation point on top of this static kill that they already did that stopped the flo
. they've released photos, letting us know it went two hours, three hours. the president was taken a deliberative approach to a policy announceind decembd in d but there was a lot of disagreement. bob woodward chronicles it all in this book. he's done it again, a great deal of controversy there. the president, very concerned that he felt as though -- frustration boiling over, according to the book, that the military was boxing him in. general mcchrystal, he asked for 40,000 more troops in afghanistan. the president undertook that review, wanted a painstaking look at exactly how those troops were going to be used. they ended up with 30,000. he had an exit strategy. that's something that officials at the pentagon were very much against, according to the book, as well. but then the president telling lindsey graham, of all people, the republican from south carolina, according to the book, i can't lose the whole democratic party. in the context of needing that exit strategy. so there is no shortage, you talked about the holbrooke and biden going at each other. mike mullin against his de
are not anti-wall zreet or business. >> what has made us successful over the long term is we have the most dynamic free market economy in the world. government can't create the majority of jobs. in fact, we want to get out of the way of folks who have a great idea and want to run with it. >> john harwood moderated the town hall, which will reair right here on msnbc. a lot of ground was covered in an hour's worth of time. explain to us the main points the president was trying to drive home. >> well, i think it's the balancing act, thomas, that you identified a few moments ago. he's got to reassure business, which has a lot of cash on their balance sheets that's not being invested that could be a key to growth that they should have confidence in him. they should not see him has somebody attacking him. he has to convince ordinary people he's not too pro business. we had a poll that said most people think he's helping investment banks and large wall street institutions rather than him. it's not easy for him. he kept to his stance on tax cuts. we have a debate on whether the bush tax cuts shoul
so we'll get hit from atlantic side then as it goes past us we'll get more of a west wind and we're going get hit from the sound side. so we could really get a double whammy here on the outer banks when it comes to flooding. as you can see you mentioned the beach, the red flags have goern up, they are urging information stay out of the water. i was here 24 hours ago. surf is definitely higher than it was yesterday. rip current is going to be a big risk. overall, contessa, your mentioned the evacuation, a lot of people asking us, it looks like the i-95 corridor eastbound type of event. >> thank you for keeping us in the loop. let's get to bill karins tracking the path of earl. >> this is going over the top of where stefanie is about 24 to 36 hours from now. it's the time frame of when we watch our reporters blowing in the wind. as far as the storm goes still a category 3. a stloormg. going to have wide impacts up and down the coast. this is not the forecast path for a worst case scenario. that would be right along the coastline with the eye of the storm raking up from north caroli
the political landscape dramatically six weeks before the midterms. mark murray joins us live from the site of the event. a lot of red meat for the faith there. including pleas to keep abortion and same-sex marriage as part of the gop platform. i understand why it's in their speeches. but is it really what they think will get conservatives elected. or is it more of a reallilying call? getting people fired up? >> it's important to point out this is sponsored by the family research counsel, always the social issue in opposition to abortion, opposition to gay marriage, with more opposition in the public sphere. it's no surprise social issues are front and center. the dominant political issue now in america is the economy with the unemployment rate at 10%. but this conference is really trying to hammer home that social issues and getting the social voters out to vote is important for republicans this fall. right before christine o'donnell speaks in a few minutes, i was just hearing a panel talk about their opposition to the repeal of don't ask, don't tell in the military. so they really are try
that provides $725 billion for the pentagon and a pay raise for u.s. troops. the house passed a similar bill in may. the senate has been debating the bill for several hours now. a critical moment came not long ago when ski republican senator susan collins of may announced she would vote against the bill under the current circumstances. >> i think it's the right thing to do. i think it's only fair. but i cannot vote to proceed to this bill under a situation that will shut down the debate and recollude republican amendments. >> nbc's luke russert joins us from capitol hill. we were expecting the vote 2:30 eastern time. we understand that's been pushed back. the big question is do the democrats have the 60 votes needed to end the gop filibuster? >> right now the indications are that democrats do not have the votes to end the gop filibuster. particularly because of susan collins saying she had problems with the parliamentary procedure going on. susan collins of may wanted an open amount of amendments on the floor for this bill. harry reid wanted only three. that's something they have to work out
is back on u.s. soil this morning. shourd's companions including her fiance are still being held in iran. the three were detained in july, 2009, along the iran-iraq border. nbc's bureau chief is uniquely here in studio with us. good day. glad to have you. >> reporter: good morning, alex. >> what is the latest you're hear being sarah shourd's arrival in the u.s.? >> reporter: she is back. she was meant to get a direct flight from oman to new york, but apparently all these flights were backed up because of the u.n. general assembly in new york. she had to go via washington. her spokesman was quick to point out that this had nothing to do with the debrief or anything in washington. and she's due in new york a little later today where she is going to give a press conference at about 3:00 local time. >> okay. that means she's got five hours to travel here and get settled in. do you have any idea what she is going to say? particularly based on what she has said? she's been very careful with what she has said so far. >> reporter: and i think she's going to continue being very careful. i'm sure
. blend it. sprinkle it. sweet! [ female announcer ] just about anywhere you use sugar you can use splenda® no calorie sweetener. [ male announcer ] savory. fluffy. yummy. sweet! [ female announcer ] splenda®. america's favorite no calorie sweetener. >>> now on msnbc saturday, bps blown out oil well said to be permanently plugged today. we have the latest. >>> parliament, will this year be different? >>> thousands flock to see the pope. we're xwoung to go there live. >>> the longest beard, the biggest nose, the strangest faces. we have the new world record holders. good morning, i'm alex witt. welcome to msnbc saturdays. workers are working to seal the bp spill. the catastrophe began april 20th at the deep water horizon oil rig that led to the gushing well, gushing 206,000 barrels of oil into the gulf. what are the crews doing to get this thing wrapped up? >> good morning, alex. we could be hours away from hearing this well is permanently sealed off. we are talking the relief wells we have spent months and months now talking about. they have drilled the first one two and a half miles bel
by this storm as it passed through here overnight where or when or while many of us slept. >> did you call your college-age son in halifax to get a weather update? >> no, i'm going to give him a shout. like we discussed earlier, he is of college age. there really is no point me calling him at this time of morning because i'm not going to get anything that makes sense out of him anyway. i did talk to actually the canadian national weather service, essentially they've been saying to people, look, before you venture out, take a look out the window at the weather. that's their idea of a warning tlup because they get all kinds of storms and they're very used to it up there. what the heck? they're hearty canadians up there. >> pretty good advice any way you look at it. we'll get more from you later kevin. >> see you, earl. >> see yeah. >>> we have the latest on where tropical storm earl is headed. for that we go to meteorologist bill karins. good morning to you. >> good saturday morning to you. earl just brushed nantucket passing safely about 100 miles off the coast. that meant only winds around 40 t
they wanted us to proceed. they asked us to keep him on the phone and keep him talking. the lunch hours was just ending when the gunman walk under to the discovery channel headquarters just outside of washington waving a handgun and ordering everyone in the lobby to stay still. we now know the suspect was james jay lee whose long list of demands included a change in discovery channel programming. as word of the hostage situation spread, nbc news producer called discovery channel general number. suddenly lee himself picked up the phone. >> no one has been shot. >> do you have a gun? >> i have a gun and i have a bomb. i have several bombs strapped to my body ready to go off. i have a device that if i drop it, if i drop it i'll explode. >> reporter: decided against reporting the conversation until the situation was over. while lee held three hostages at gunpoint most of the building's 1,900 employees were told to evacuate and did. including all the children in a day care center on the first floor. >> someone came to me, came to me and said, don't go into the lobby. there's some action goin
for that political playbook to be handed us from on high from the elite. it may take some renegades going rogue to get us there. it may take folks shaking us up, shaking it up to get there. >> so will the emerging split help democrats this fall? we'll bring in christina belatony. good morning to you, christina. >> good morning, alex. >> what do you make of all that? the republicans are facing a real challenge from the conservative base? >> sure, that has definitely happened. you have seen that play out all summer long. of course, democrats like any split. democrats have plenty of their own splits, but sarah palin is a unique figure in this because she's endorsed very mainstream candidates from senator john mccain against a tea party favorite conservative candidate in j.d. hayworth. then kelly who won in new hampshire. she was the preferred choice there, but the going rogue candidate christina o'donnell has rosen onto the national stage, she's very conservative and democrats think they have a real chance to keep this seat in delaware now because she's far more conservative than the establishment
. it will become a area of low pressure. and it leaves us, alex, with a gorgeous weekend. much of the country is fantastic. and it feels like fall today. can you believe it's only going to be 67 degrees for a high in chicago to the great lakes. the eastern seaboard, that cool airheads your way as you go through sunday. tomorrow in boston, it's only around 73. notice the heat though continues in the west. by the time labor day, not many troubles in the forecast. it is really calm, nice. some areas are warm and cool. not a lot of rain out there. everyone can enjoy the long weekend. >> i haven't seen the last of earl. >> we had enough. >> all right. >> you're right. i'm sure it will be hot again. >> okay. bill karins, thank you. >> we'll have more coverage. we'll continue to track the fallout from this. officials in new zealand are assessing the damage after a faithor earthquake rocked the country's second largest city. it was he is south island just west of christ church. new zealand's prime minister says it will be months before the full extent of the damage is known. nbc's nina desanto has mo
Search Results 0 to 18 of about 19